2. The appellant/complainant is a Non-Resident Indian (NRI) practicing medicine in U.S.A. He is stated to have opened an FCNR (Foreign Currency Non Resident) Account in Balanagar Branch of the OP Canara Bank vide FCNR-KDR No. 625/1/98 by depositing a sum of US$50,000/- on 21.01.1998. The said fixed deposit was for a period of 12 months and carrying interest @5.37% p.a. with quarterly rests from 21.01.98 to 20.01.99. There was facility of automatic renewal for the said deposit. Another fixed deposit certificate No. FCNR-KDR No. 6.99 dated 24.09.99 showing amount of US$ 54292.62 with interest @5.1% p.a. from 24.09.99 was also issued, the date of maturity being 24.03.2000 and carrying the facility for automatic renewal. The complainant had authorised the bank to keep his FCNR deposit as guarantee for the loan borrowed by M/s. Sri Harsha Builders of which his mother Naga Rathnamma and brother N. Bhaskar Rao were partners. However, the Bank did not advance any loan to the above firm.